Lyft, Inc. $LYFT Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC lessened its position in shares of Lyft, Inc. (NASDAQ:LYFT) by 70.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,620 shares of the ride-sharing company’s stock after selling 45,273 shares during the period. Krilogy Financial LLC’s holdings in Lyft were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LYFT. Norges Bank purchased a new position in shares of Lyft in the 4th quarter worth about $109,987,000. Swedbank AB acquired a new stake in Lyft during the 4th quarter worth approximately $108,472,000. Contour Asset Management LLC purchased a new position in Lyft in the fourth quarter valued at approximately $75,870,000. Victory Capital Management Inc. raised its holdings in Lyft by 479.1% in the third quarter. Victory Capital Management Inc. now owns 3,580,564 shares of the ride-sharing company’s stock valued at $78,808,000 after buying an additional 2,962,266 shares during the period. Finally, Ensign Peak Advisors Inc lifted its position in Lyft by 2,441.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,857,593 shares of the ride-sharing company’s stock valued at $35,982,000 after buying an additional 1,784,494 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Erin Brewer sold 15,000 shares of Lyft stock in a transaction on Friday, June 12th. The shares were sold at an average price of $13.59, for a total transaction of $203,850.00. Following the sale, the chief financial officer owned 705,979 shares of the company’s stock, valued at $9,594,254.61. The trade was a 2.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Catherine Llewellyn sold 11,491 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $15.00, for a total transaction of $172,365.00. Following the completion of the transaction, the insider owned 853,731 shares in the company, valued at $12,805,965. This represents a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 69,196 shares of company stock worth $992,371. Corporate insiders own 0.92% of the company’s stock.

Trending Headlines about Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft benefited from a broader rally in digital-platform stocks after strong Prime Day sales data and lower Treasury yields improved investor sentiment. Why Is Lyft (LYFT) Stock Rocketing Higher Today
• Positive Sentiment: Lyft introduced new multi-sensor safety standards for autonomous vehicles, which could strengthen its positioning with regulators and AV partners over the long term. Lyft (LYFT) Sets New Multi Sensor Safety Rules For Autonomous Vehicles
• Positive Sentiment: A Boston pilot program allowing taxi drivers to accept Lyft ride requests could modestly expand supply and improve service availability in that market. Boston taxi drivers can now accept Uber, Lyft ride requests under terms of new pilot program, city says
• Neutral Sentiment: Unusual options activity showed elevated put buying in Lyft, suggesting some traders are hedging or betting on downside.
• Neutral Sentiment: Reports about Lyft being under congressional pressure over alleged AI price gouging could create headline risk, but the direct financial impact is still unclear. Rideshare giants Lyft and Uber facing congressional pressure over alleged AI price gouging
• Negative Sentiment: Recent market coverage noted Lyft underperformed the broader market in the last session, reflecting continued investor caution around the shares. Lyft (LYFT) Suffers a Larger Drop Than the General Market: Key Insights

Lyft Price Performance

Shares of NASDAQ:LYFT opened at $14.27 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. Lyft, Inc. has a 52-week low of $12.46 and a 52-week high of $25.54. The company has a 50 day moving average of $14.02 and a two-hundred day moving average of $15.36. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 2.08, a price-to-earnings-growth ratio of 0.85 and a beta of 1.82.

Lyft (NASDAQ:LYFT) last posted its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. As a group, analysts forecast that Lyft, Inc. will post 0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LYFT shares. Zacks Research upgraded shares of Lyft from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Oppenheimer assumed coverage on shares of Lyft in a research note on Wednesday, June 17th. They issued an “outperform” rating on the stock. Citigroup began coverage on shares of Lyft in a report on Wednesday, June 17th. They set a “buy” rating on the stock. Tigress Financial reaffirmed a “buy” rating and set a $28.00 price target on shares of Lyft in a research report on Wednesday, June 24th. Finally, BTIG Research upgraded Lyft from a “neutral” rating to a “buy” rating in a report on Wednesday, June 17th. Thirteen analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.40.

Lyft Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.